Kiser Group is pleased to exclusively offer for purchase the sale of 5645 S. Calumet, a beautifully maintained, center-entrance eight (8) unit building located in the Washington Park neighborhood of Chicago’s South Side. The building sits on a quiet, tree-lined street just a block from Washington Park. Additionally, the building is situated just blocks from both the Garfield Subway transit ‘El” train stop and I-94, providing quick and easy access to Chicago's downtown.
5645 S. Calumet boasts a desirable unit mix that includes six (6) spacious 3b/1ba units, as well as two (2) beautifully refurbished 2b/1ba basement units. In addition to cosmetic updates, recent improvements to the building include, but are not limited to, newer lintels, an updated & code compliant porch, newer hot water heaters, and a modern central boiler and two (2) furnaces for the garden units.
5645 S. Calumet presents an investor with the opportunity to acquire a property in one of Chicago's most desirable and appreciating neighborhoods. Through additional cosmetic upgrades and bringing all units up to market rate levels, a new owner could achieve a cap rate of 10.98% and a cash return of just over 21%.